FTSE 100 to Open Higher; Jobs Data Reveals 4.7% Wage Growth
FTSE 100 Expected to Open Higher After Latest UK Employment
0642 GMT - The FTSE 100 is seen opening higher as investors
assess the latest U.K. employment data. IG futures data show the
London index rising 18 points. The U.K. unemployment rate was
little changed at 3.8% in the three months to June while the number
of people in employment increased 160,000 over the quarter and
average earnings excluding bonuses rose 4.7%, according to the
Office for National Statistics. "Overall, today's data has shown
once again that the labour market is as tight as it can be but the
important thing to note is the wage growth," AvaTrade analyst Naeem
Aslam writes. The labor market has been described as extremely
constrained recently with many available positions, he says.
AstraZeneca's Lynparza Supplemental New Drug Application Granted
Priority Review by FDA
AstraZeneca PLC said Tuesday that its supplemental new drug
application, or sNDA, for its cancer treatment, Lynparza in
combination with abiraterone, has been granted a priority review by
the U.S. Food and Drug Administration.
Abrdn Sells GBP225M Shareholding in HDFC Asset Management
abrdn PLC said Tuesday that it has sold 12.8 million shares in
HDFC Asset Management Co. for 225 million pounds ($271.2 million),
with the proceeds to be used for general corporate purposes.
Sage Group to Buy Lockstep for Undisclosed Sum to Drive
Sage Group PLC said Tuesday that it has agreed to buy cloud
accounting technology provider Lockstep for an undisclosed amount
to accelerate the growth strategy.
Watches of Switzerland 1Q Revenue Rose Amid Luxury Demand; Backs
FY 2023 Views
Watches of Switzerland Group PLC said Tuesday that its
performance for the first quarter of fiscal 2023 was robust as
demand for luxury products continues to increase, and reiterated
its previous guidance.
Ted Baker Agrees to $254.3 Mln Takeover by Reebok Owner
Ted Baker PLC said Tuesday that it has agreed to a 211 million
pound ($254.3 million) final cash offer from Juicy Couture, Reebok
and David Beckham brand owner Authentic Brands Group LLC.
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(END) Dow Jones Newswires
August 16, 2022 03:04 ET (07:04 GMT)
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